Kriti

ITC’s Q1 2018-19 Results : net profit up 10% to ₹2,818 crores

ITC Ltd, the multi-business conglomerate and India’s market leader in cigarettes posted a 10.08% rise in its profits during the first quarter on the ongoing fiscal year on Thursday. The increase in profits was driven by higher taxes on cigarettes,...

HDFC AMC IPO continues to receive heavily bidding on day two

A day after HDFC Asset Management Company’s (AMC) initial public offering (IPO) of ₹2,800 crore was oversubscribed to with a subscription rate of 103%, the company continued to receive bidding for 5.5 times their quota of 44.35 lakh shares by the...

Vodafone Idea Merger gets final approval from DoT, government

The Department of Telecommunications (DoT) on Thursday gave final approval to the Vodafone Idea merger, making Vodafone Idea Ltd. India’s largest telecom operator, displacing Bharti Airtel Ltd. from the position. The final approval came after Vodafone and Idea made a...

Infosys introduces new performance criteria for top employees

Infosys Ltd. has linked the performance-linked pay of six of its topmost officials to digital revenue growth, i.e. revenue generation from digital technologies. This is the first time any big IT services company is including its performance in digital...

Amul franchise business : Complete details that you need to know

Amul has an interesting opportunity for those who wish to start their own business. In a recent release on its website, the diary giant outlined its proposal as “Anyone with a very small capital base and good business acumen...

Rajya Sabha Passes Fugitive Economic Offenders Ordinance

After being cleared by the Lok Sabha without any amendment last week, the Fugitive Economic Offenders Ordinance (FEOO) bill was passed by the Rajya Sabha on Wednesday, which will enable the government to seize assets of fugitives involved in...

ICICI Prudential Life Insurance’s Q1 net profit down by 30.6%

ICICI Prudential Life Insurance registered a 30.6% year-on-year (YoY) drop in its net profit in the first quarter of the current fiscal year. The private sector life insurer’s profits fell from ₹406 crore in last year’s first quarter to...

As ED moves to seize assets, Vijay Mallya expresses willingness to return to India

Fugitive business tycoon Vijay Mallya has apparently expressed his willingness to return to India to the Enforcement Directorate (ED) after it recently invoked the Fugitive Economic Offenders Ordinance (FEOO) against him, under which the agency can confiscate his assets...

Jio GigaFiber all set to compete with Netflix, Prime Video

Last month, Vodafone did something no one ever thought was possible: It started offering free subscriptions to both Netflix and Amazon Prime with its ‘RED’ plans, in a bid to counter Reliance Jio, who offers cheap data plans with...

Vodafone, Idea pay ₹7,268 crores to DoT for merger

Submitting to the Department of Telecom’s (DoT) demand, Vodafone and Idea have made a joint payment of ₹7,268 crore to clear their spectrum dues with the department, in order to take their merger forward, after getting conditional approval from...

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Latest News

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